Recovery | MyFOX Spokane

Bank of America says housing has 'begun to turn'

Submitted by Fox First at Ten on October 17th

By CHRISTINA REXRODEAP Business Writer NEW YORK (AP) - For banks, mortgage-making kept profits humming before the financial crisis, then blackened reputations and stamped out earnings when the crisis hit. Now, the business of mortgage lending is more of a mixed bag. Bank of America, the country

Knight Capital's software snag causes big 3Q loss

Submitted by Fox First at Ten on October 17th

By DANIEL WAGNER and MICHELLE CHAPMANAP Business Writers The Knight Capital Group Inc. trading firm said it lost $764.3 million in the third quarter because of a software glitch that flooded the stock market with trades one day in August, causing dozens of stocks to fluctuate wildly. Knight

Knight Capital's software snag causes big 3Q loss

Submitted by Fox First at Ten on October 17th

Stepdad: Border guard shooter sent text to mother

Submitted by Fox First at Ten on October 17th

By GENE JOHNSONAssociated Press SEATTLE (AP) - An unarmed Canadian border guard shot in her booth at a busy U.S.-Canada crossing north of Seattle was on her way to a full recovery Wednesday as investigators worked to determine why a 32-year-old tattoo artist from Washington state fired at her

After Pandit, a smaller Citi could get smaller yet

Submitted by Fox First at Ten on October 17th

By BERNARD CONDONAP Business Writer NEW YORK (AP) - The incredible shrinking bank may have to shrink more. In the hours after Tuesday's surprise announcement that Citigroup CEO Vikram Pandit was stepping down, speculation was rife, and facts scant, about what lay ahead for the nation's

Obama And Romney Square Off In Second Presidential Debate

Submitted by Fox First at Ten on October 17th

HEMPSTEAD, N.Y. — An aggressive President Barack Obama accused challenger Mitt Romney of favoring a "one-point plan" to help the rich in America and playing politics with the deadly terrorist attack in Libya in a Tuesday night debate crackling with energy and emotion just three weeks before

Tame US prices, more confident builders aid growth

Submitted by Fox First at Ten on October 16th

By CHRISTOPHER S. RUGABERAP Economics Writer WASHINGTON (AP) - The outlook for the U.S. economy brightened a little Tuesday after reports that consumer prices stayed tame and homebuilder confidence rose to the highest level in six years. A third report showed factory output grew only modestly

Oil rises to near $92 as US retail sales improve

Submitted by Fox First at Ten on October 16th

By PABLO GORONDIAssociated Press The price of oil edged up to near $92 a barrel on Tuesday as an improvement in U.S. consumer spending raised hopes for a stronger economic recovery. By early afternoon in Europe, benchmark crude for November delivery was up 12 cents at $91.97 a barrel in

Face to face: Obama, Romney in crackling debate

Submitted by Fox First at Ten on October 16th

By DAVID ESPO and STEVE PEOPLESAssociated Press HEMPSTEAD, N.Y. (AP) - An aggressive President Barack Obama accused challenger Mitt Romney of peddling a "sketchy deal" to fix the U.S. economy and playing politics with the deadly terrorist attack in Libya in a Tuesday night debate crackling with

Face to face: Obama, Romney in crackling debate

Submitted by Fox First at Ten on October 16th